JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) Trading 1.2% Higher – What’s Next?

JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) shot up 1.2% on Wednesday . The stock traded as high as $14.00 and last traded at $13.99. 769 shares traded hands during trading, an increase of 39% from the average session volume of 553 shares. The stock had previously closed at $13.83.

JAKOTA K-Pop and Korean Entertainment ETF Trading Up 1.2 %

The firm has a market cap of $1.40 million, a price-to-earnings ratio of 19.14 and a beta of 1.21. The firm has a 50-day moving average of $13.97 and a two-hundred day moving average of $13.47.

Hedge Funds Weigh In On JAKOTA K-Pop and Korean Entertainment ETF

An institutional investor recently raised its position in JAKOTA K-Pop and Korean Entertainment ETF stock. OLD Mission Capital LLC increased its holdings in shares of JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,298 shares of the company’s stock after purchasing an additional 893 shares during the period. OLD Mission Capital LLC owned approximately 7.23% of JAKOTA K-Pop and Korean Entertainment ETF worth $152,000 at the end of the most recent reporting period.

JAKOTA K-Pop and Korean Entertainment ETF Company Profile

The KPOP and Korean Entertainment ETF (KPOP) is an exchange-traded fund that is based on the KPOP index. The fund tracks a market cap-weighted index of Korea-listed stocks that are engaged in the entertainment and interactive media & services industries. KPOP was launched on Aug 31, 2022 and is managed by KP Funds.